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Welcome to B&H Insurance Agency web site

Friday, 21 December 2012

Insurance Agency of Bosnia and Herzegovina was established pursuant to the Law on Insurance Agency of Bosnia and Herzegovina (Official Gazette of BiH, number 12/04).

The Agency is an independent legal entity with public competencies within its scope of work and jurisdiction, and is accountable to the Council of Ministers of Bosnia and Herzegovina.

The Headquarters of the Agency is in Sarajevo.

General duties of the Insurance Agency of Bosnia and Herzegovina are to provide the following:

Uniform implementation of the insurance laws between the Entities, as well as smooth and efficient cooperation between the Insurance Supervisory Agencies of the Federation of Bosnia and Herzegovina and the Republic of Srpska, and an equitable implementation and interpretation of the Entity laws.

Full reconciliation of the Entities’ insurance legislations to provide an equal and just treatment of all insurance organizations in both Entities and the District of Brcko of Bosnia and Herzegovina, and to provide an equal legal protection to the insurers and the claimants.

That the insurance legislation in Bosnia and Herzegovina is and remains reconciled with the corresponding insurance-related European Union legislation.

Coordinated representation of Bosnia and Herzegovina in organizations dealing with insurance at the international level, and to ensure continuous cooperation therewith.

Continuous cooperation with the Insurance Supervision Agencies of the Entities and the District of Brcko in order to resolve litigations between the Insurance Supervision Agencies related to uniform interpretation and implementation of the insurance legislation at the Entities and the District of Brcko levels by issuing written declarations and opinions. These written declarations and opinions will ensure uniform implementation of the insurance legislation.

The Agency provides and maintains all relevant data about the overall insurance market in Bosnia and Herzegovina.